Reuters
The Swiss National Bank will hike its key policy rate by 50 basis points on Thursday, matching the European Central Bank's move last week, as tackling inflation trumps concerns over financial market turmoil, a Reuters poll of economists showed. But markets are currently pricing just over a 50% chance of a smaller 25 basis point increase as a slump in bank shares, driven in part by the demise of Credit Suisse Group AG, sustain worries about the health of the global banking sector. Despite Swiss rival UBS Group's emergency takeover of Credit Suisse, investors remain concerned about the losses some Credit Suisse bondholders will be forced to take.